Pillsbury Winthrop Shaw Pittman Explained

Firm Name:Pillsbury Winthrop Shaw Pittman LLP
Headquarters:New York City, New York[1]
Num Offices:19[2]
Num Attorneys:approximately 700
Key People:David T. Dekker, chair[3] Michael Finnegan, firm managing partner[4]
Date Founded:1868
Company Type:Limited liability partnership

Pillsbury Winthrop Shaw Pittman LLP, also known as Pillsbury, is a full-service law firm with a particular focus on the energy, financial services, real estate and technology industries. Based in the world's major financial, technology and energy centers, Pillsbury counsels clients on global business, regulatory and litigation matters.[5]

It has approximately 700 attorneys operating from 20 offices in the U.S., London and Asia.[6] The firm has connections to the two main political parties in the United States.[7]

The law firm's two oldest predecessor firms were founded in New York in 1868 and in San Francisco in 1874, following the California Gold Rush. The San Francisco firm helped create a number of new West Coast businesses including Chevron and Pacific Bell (now known as AT&T). In the 2000s, Pillsbury has become an advocate of labor outsourcing as a means of firms cutting costs by offering services to both buyers and providers of outsourcing services.[8]

History

Predecessor firm Pillsbury, Madison & Sutro opened in San Francisco in 1874, making Pillsbury the second oldest "powerhouse" law firm in California, after Orrick, Herrington & Sutcliffe. In 1900, Pillsbury incorporated Standard Oil of California—the company would later become Chevron, which has remained one of the firm's longstanding clients. Pillsbury managed Chevron's then-record $13.2 billion cash merger with Gulf Oil in 1984, its 2001 merger with Texaco and its 2005 acquisition of Unocal Corp.[9]

Pillsbury is the result of several law firm mergers. In 1990, Pillsbury, Madison & Sutro merged with Los Angeles-based Lillick & McHose, and then in 1996 with Washington, D.C.-based Cushman Darby & Cushman. In 2001, the firm merged with Winthrop, Stimson, Putnam & Roberts of New York City (Winthrop Stimson's predecessor was founded in 1868 by future Secretary of State and Nobel Peace laureate Elihu Root; another past partner was statesman Henry L. Stimson). The firm changed its name to Pillsbury Winthrop.

In 2005 Pillsbury Winthrop merged with Shaw Pittman (formerly Shaw, Pittman, Potts & Trowbridge), a 300-lawyer Washington, D.C.-based firm working in global sourcing, energy, real estate, technology and communications.[10]

Pillsbury was involved in the drafting of the 1952 Patent Act, which serves as the basis for patent law today, and launched the first nuclear energy law practice in the U.S. in 1966. In 1968, the firm handled the formation of Intel Corporation, and in 1970, it served as counsel on the first public offering by a member of the New York Stock Exchange. In 1980, Pillsbury advised on the then-largest foreign acquisition of a U.S. bank, and in 1994, the firm registered the first trademark for a dotcom.[11]

In 2012, the firm entered into merger discussions with Washington, D.C.-based Dickstein Shapiro, but those talks ended by early 2013.[12]

Offices

As of August 2022, Pillsbury has 20 offices in the US, China, Japan and the UK.[13]

Notable work

Awards and recognition

Layoffs

In April 2006, Pillsbury had a round of layoffs. These layoffs were in connection with the merger with Shaw Pitman in April 2005.[55] The layoffs included its unofficial mascot, Martin Macy.[56] Macy, who had started with the firm at the age 17, had been in the San Francisco office for 41 years prior to his dismissal. He was terminated from his position as messenger to save his annual salary of $34,000.[57] At the time, the combined revenue for the partners at the firm had dropped from $780,000 to $760,000 [58] and the firm's assets were over $6 million.[59] To assist Macy, the legal community created a trust fund to which former co-workers, clients and other members of the legal community donated money.[59] The San Francisco Chronicle reported that "His dismissal has become something of a cause celebre in the San Francisco legal community."[59] By April 2007, over $230,000 had been gathered for Macy.[60] Macy died in his sleep on February 2008.[61]

Misconduct

In 2009 a United States federal judge found misconduct by a number of lawyers regarding the conflict of interest disclosure failures by Pillsbury Winthrop in the SONICblue bankruptcy case stating "The reorganization of SONICblue, Inc. has been tragically marred by the misdeeds of professionals".[62] Pillsbury was forced to disgorge $10 million in fees for filing a false affidavit and hiding their conflict of interest for the debtor in the bankruptcy case of SONICblue. The federal judge ordered the firm to step down citing the "complete breakdown of creditor confidence" due to the firm's failure to make a required disclosure of a conflict of interest involving a number of hedge funds. Counsel for the official creditors committee gave tacit approval of the conflict as neither law firm brought the matter to the attention of the court.[63] Sequential conflict disclosure misconduct in the SONICblue bankruptcy case has escalated the possible consequences to Pillsbury.[64] The lawyer representing the successor to SONICblue subsequently learned that in addition to the failure to disclose the conflict, the firm also failed to disclose their own withdrawal of funds from the Debtor during the pre-petition preference period and had petitioned the Federal Judge to refer the firm's responsible lawyers for criminal prosecution[65] and sought $30 million in damages from Pillsbury Winthrop and associated parties on the official creditors committee as well as their counsel.[66] [67]

On March 29, 2018, Pillsbury Winthrop was disqualified from representing a client, Continental Service Group Inc. who collects overdue student loans. A partner had said about a competitor (Performant Financial Corp.) that it "was not a highly rated" company. However, Performant was a current client of Pillsbury Winthrop in other matters. The judge stated that the Pillsbury Winthrop's partners' statements "created a situation where he has stunted Pillsbury's ability to effectively and zealously advocate on ConServe's behalf." Pillsbury denied any wrongdoing.[68]

Further reading

Notes and References

  1. Web site: Pillsbury Winthrop Shaw Pittman. .
  2. Web site: Pillsbury Winthrop Shaw Pittman Office Locations .
  3. http://www.pillsburylaw.com/david-dekker Dekker's firm bio
  4. Web site: Michael Finnegan | Lawyer | Pillsbury .
  5. Web site: Our Approach.
  6. Web site: Pillsbury Winthrop Shaw Pittman Office Locations. Pillsbury Law. en. 2019-09-16.
  7. Web site: Welcome page . 2007-05-07 . Official website . https://web.archive.org/web/20070630181333/http://www.pillsburylaw.com/bv/bvisapi.dll/portal/ep/home.do/tabId/0 . 2007-06-30 . dead .
  8. http://www.lexology.com/library/detail.aspx?g=d9927937-c9e3-4707-a381-071e609fe526
  9. Web site: California Powerhouse: Pillsbury - Law360.
  10. Web site: Merger approved; it's now Pillsbury Winthrop Shaw Pittman. Eric Young . Washington Business Journal. March 29, 2005.
  11. Web site: Firm history . 2013-09-04 . Official website .
  12. News: Post. Ashley. Pillsbury, Dickstein end merger talks. 5 February 2013. Inside Counsel. 14 January 2013. https://web.archive.org/web/20130607005034/http://www.insidecounsel.com/2013/01/14/pillsbury-dickstein-end-merger-talks. 7 June 2013. dead.
  13. Web site: Offices . 2022-08-22 . Official website .
  14. https://efile.fara.gov/docs/5198-Exhibit-AB-20210630-57.pdf FARA Filing, US Department of Justice https://efile.fara.gov/docs/5198-Exhibit-AB-20210630-57.pdf
  15. News: Priest. Dana. Timberg. Craig. Mekhennet. Souad. Private Israeli spyware used to hack cellphones of journalists, activists worldwide. 2021-07-22. Washington Post. en.
  16. Web site: Pillsbury Advises Genomic Health on its $2.8 Billion Combination with Exact Sciences. Pillsbury Law. en. 2019-09-20.
  17. Web site: Pillsbury Litigators Win $370 Million Final Judgment. Pillsbury Law. en. 2019-09-20.
  18. Web site: Pillsbury Advises WestJet in US$3.7 Billion Deal with Onex. Pillsbury Law. en. 2019-09-20.
  19. Web site: Pillsbury Advises Sinclair Broadcast Group. Pillsbury Law. en. 2019-09-20.
  20. Web site: Pillsbury Advises in Altria's $12.8 Billion JUUL Investment to Drive Growth, Reduce Smoking Harm. Pillsbury Law. en. 2019-09-20.
  21. Web site: NextEra Energy Transmission to Acquire Underwater Transmission Cable. Pillsbury Law. en. 2019-09-20.
  22. Web site: Congress Works to Ensure Children Are Protected in Custody Disputes. Pillsbury Law. en. 2019-09-20.
  23. Web site: San Diego Comic-Con Wins Permanent Injunction on Use of Trademarked Name. Pillsbury Law. en. 2019-09-20.
  24. Web site: Pillsbury's Global Asset Finance Team Counsels ORIX in $2.2 Billion Stake in Avolon. Pillsbury Law. en. 2019-09-20.
  25. Web site: Brookfield Completes Westinghouse Buy with Help from Pillsbury. Pillsbury Law. en. 2019-09-20.
  26. Web site: Lambda Legal and Pillsbury Establish New Precedent with Transgender Discrimination Win in Florida. Pillsbury Law. en. 2019-09-20.
  27. Web site: Pillsbury Advises Synnex in $2.4 Billion Acquisition. Pillsbury Law. en. 2019-09-20.
  28. Web site: Pillsbury Joins Columbia Law Clinic in Brief on Transgender Military Ban Case. Pillsbury Law. en. 2018-07-30.
  29. Web site: Pillsbury Files Amicus Brief on Immigration Detention Centers. Pillsbury Law. en. 2018-07-30.
  30. News: Company founded by Hampton native wins $12 million verdict against Wal-Mart. Dujardin. Peter. dailypress.com. 2018-07-06. en-US.
  31. Web site: Pillsbury Reps Hoya Corp. in Consortium's Buy of Toshiba Chip Business. Pillsbury Law. en. 2019-09-20.
  32. Web site: Pillsbury and Disability Rights Legal Center Salute Settlement. Pillsbury Law. en. 2018-07-30.
  33. Web site: The Deal - Login. pipeline.thedeal.com. en. 2018-07-06.
  34. Web site: Landmark Lawsuit Settlement for Fair Treatment of Low-Income Drivers. Pillsbury Law. en. 2018-07-30.
  35. Web site: Pillsbury Counsels Triple Five Group in Connection with Financing. Pillsbury Law. en. 2018-07-06.
  36. Web site: $2 Billion Real Estate Deal Cited as One of 2016's Largest. Pillsbury Law. en. 2018-07-06.
  37. Web site: Pillsbury Trial Team Secures $72 Million for Lion Oil. Pillsbury Law. en. 2018-07-06.
  38. Web site: Communications Practice (Sectors). Pillsbury Law. en. 2018-07-06.
  39. Web site: DC Circ. Halts $750M Annual Nuclear Waste Fee Payments - Law360.
  40. Web site: Pillsbury Law > Newsroom > News > Pillsbury Client Aerostar Airport Holdings Secures FAA Approval, Closes Deal to Lease and Operate Luis Muñoz Marin International Airport . 2013-05-14 . https://web.archive.org/web/20130510080825/http://www.pillsburylaw.com/news/pillsbury-client-aerostar-airport-holdings-secures-faa-approval-closes-deal-to-lease-and-operate-luis-munoz-marin-international-airport . 2013-05-10 . dead .
  41. Web site: HEIMANN v. AMER. EXPRESS CO.. March 28, 1967. Leagle.com.
  42. Web site: Bacara Resort in Santa Barbara Sold, Will be Rebranded the Ritz Carlton Bacara. OC Register. 3 October 2017. en. 2020-06-24.
  43. Web site: Pillsbury Named to BTI "Power Elite," Recognizing Firm's Deep Bonds with Clients. Pillsbury Law. en. 2019-09-20.
  44. Web site: Pillsbury Among Working Mother's Inaugural Law Firm Hall of Fame Class. Pillsbury Law. en. 2019-09-20.
  45. Web site: Pillsbury Continues Remarkable Run with 13th Consecutive Perfect Score in Corporate Equality Index. Pillsbury Law. en. 2019-09-20.
  46. Web site: Pillsbury One of Only Three Law Firms Named a Top Company for Executive Women. Pillsbury Law. en. 2019-09-20.
  47. Web site: The 2019 Am Law 100: Gross Revenue. April 23. Ben Seal . AM. 2019 at 09:34. The American Lawyer. en. 2019-09-20.
  48. Web site: Financial Times Recognizes Pillsbury among 2018's Most Innovative Law Firms. Pillsbury Law. en. 2019-09-20.
  49. Web site: Pillsbury Named One of Latin America's Top Law Firms in Latin America by Latinvex. Pillsbury Law. en. 2019-09-20.
  50. Web site: Pillsbury Named to BTI's Client Service Elite for 15th Year in a Row. Pillsbury Law. en. 2019-09-20.
  51. Web site: Giffords Law Center Honors Pillsbury at 25th Anniversary Gala. Pillsbury Law. en. 2018-07-06.
  52. Web site: Yale Law Women Names Pillsbury a Top 10 Family-Friendly Firm. Pillsbury Law. en. 2018-07-06.
  53. Web site: Women in Law Awards: USA 2017 - Chambers and Partners. www.chambersandpartners.com. en-gb. 2018-07-06.
  54. News: The Most Recommended Law Firms 2017. BTI Consulting Group. 2018-07-06. en-US.
  55. http://www.law.com/jsp/llf/PubArticleLLF.jsp?id=1145017727527 "One Year In, Pillsbury Merger Not an Easy Fit"
  56. "Beloved staffer downsized at Pillsbury," by Marie-Anne Hogarth, The Recorder, 04/03/2006
  57. http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2006/04/06/BAGASI3NPQ1.DTL "Legal world conjures up a conscience"
  58. Jones
  59. Ryan
  60. http://www.law.com/jsp/ca/PubArticleCA.jsp?id=1175850246084 "Sidebar,"
  61. Niraj Chokshi, "Martin Macy, Ex-Pillsbury 'Mascot,' Dies at 59", The Recorder February 21, 2008
  62. Web site: OPINION AND ORDER. Marilyn Morgan U.S. Bankruptcy Judge NDCA. December 29, 2009.
  63. Web site: BigLaw Firm Bounced From Bankruptcy Case. New York Lawyer. March 27, 2007.
  64. Web site: Law Firm Faces Another Conflict Accusation Due to Non-Disclosure. Klein, DeNatale, Goldner, Cooper, Rosenlieb & Kimball, LLP. August 21, 2008. dead. https://archive.today/20080723103415/http://www.californiabusinessbankruptcyblog.com/2007/11/articles/ethicsprofessional-responsibil/law-firm-faces-another-conflict-accusation-due-to-nondisclosure/. July 23, 2008.
  65. Web site: Motion Asks Judge to Refer Pillsbury Partner for Possible Perjury Prosecution. April 17, 2008.
  66. Web site: Pillsbury Winthrop BankruptcyMisconduct. May 28, 2008. dead. https://archive.today/20130117130207/http://www.bankruptcymisconduct.com/site/content/view/65/89/. January 17, 2013.
  67. Web site: Trustee Seeks $30 Million Hit for SonicBlue Law Firms, Creditors. April 17, 2008.
  68. Web site: Judge cites Pillsbury partner's remarks to newspaper in disqualifying firm from representation. April 6, 2018.